Dividend Declaration

iShares S&P Glbl Water
16 April 2007




                      iShares Dividend Declaration


1st YE Distribution for the accounting year ending 31st October 2007

Announcement Date:                        16th April 2007
Ex Date:                                  25th April 2007
Record Date:                              24th April 2007
Payment Date:                             23rd May 2007


Fund                                      Currency              Rates

iShares S&P Global Water 50               USD                   0.0160
IE00B1TXK627



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